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The Bahamas Institute of Chartered Accountants (BICA) is a professional body that regulates the accountancy industry in the Bahamas. [1] In theory anyone approved by the relevant government ministry can act as an independent auditor, but in practice, all auditors are members of BICA.
In Pakistan, a business license is needed when you want to start a private limited company or a limited liability partnership (LLP) firm. There are actually various forms of business licenses needed for various activities carried out by a business. e.g. to be able to Import or export goods and services, you need to take IEC Registration.
The California Board of Accountancy (CBA), created by statute in 1901, is a semi-autonomous State of California agency under the California Department of Consumer Affairs whose purpose is to protect consumers by ensuring only qualified licensees practice public accountancy in accordance with established professional standards in California.
Taxation in the Bahamas is collected by the Government of the Bahamas. The Bahamas are considered a tax haven given the lack of income tax, capital gains tax, inheritance tax or company tax. [1] Government tax revenue is instead derived from consumption, property and import taxes as well as licence fees. [2]
Local government elections take place once every three years in the Bahamas [22] with the most recent elections taking place on 27 January 2022. [23] The 2020 elections were postponed due to COVID-19 until Emergency Power Orders were lifted. [24] The voting system used in local government elections is the first-past-the-post system. Both ...
In terms of gross domestic product per capita, the Bahamas is one of the richest countries in the Americas (following the United States and Canada), with an economy based on tourism and finance. [1] Tourism alone provides an estimated 45% of the gross domestic product (GDP) and employs about half the Bahamian workforce.
The individual may run their own contractor business or work as a qualifying individual (QI) to qualify another company for license. To be licensed, they must have: Completed examination application and $330 fee; California business license and Tax ID (if LLC or Corporation) Fingerprinting Live Scan; Completion of "Law and Business" exam
The number of Ministers from the Senate is limited to three. In addition the Prime Minister and the Minister of Finance are required to be members of the House of Assembly. The functions of the Cabinet entail the final determination of government policy, control of government activities and coordination of government Ministries and Departments.